GHVIX vs. GUGAX
Compare and contrast key facts about GMO High Yield Fund (GHVIX) and GMO Multi-Sector Fixed Income Fund (GUGAX).
GHVIX is managed by GMO. It was launched on Jun 25, 2018. GUGAX is managed by GMO. It was launched on Apr 30, 1997.
Performance
GHVIX vs. GUGAX - Performance Comparison
Loading graphics...
GHVIX vs. GUGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | -1.45% | 9.39% | 1.41% | 12.94% | -8.06% | 10.90% | 5.38% | 8.91% | 3.98% |
GUGAX GMO Multi-Sector Fixed Income Fund | 0.96% | 7.29% | 0.96% | 6.02% | -14.52% | -3.17% | 4.91% | 9.66% | 2.61% |
Returns By Period
In the year-to-date period, GHVIX achieves a -1.45% return, which is significantly lower than GUGAX's 0.96% return.
GHVIX
- 1D
- 0.18%
- 1M
- -1.96%
- YTD
- -1.45%
- 6M
- 0.06%
- 1Y
- 6.46%
- 3Y*
- 5.96%
- 5Y*
- 4.53%
- 10Y*
- —
GUGAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.96%
- 6M
- 1.90%
- 1Y
- 5.20%
- 3Y*
- 4.05%
- 5Y*
- 0.13%
- 10Y*
- 1.60%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GHVIX vs. GUGAX - Expense Ratio Comparison
GHVIX has a 0.46% expense ratio, which is higher than GUGAX's 0.45% expense ratio.
Return for Risk
GHVIX vs. GUGAX — Risk / Return Rank
GHVIX
GUGAX
GHVIX vs. GUGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO High Yield Fund (GHVIX) and GMO Multi-Sector Fixed Income Fund (GUGAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GHVIX | GUGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.36 | +0.20 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.98 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.80 | +0.17 |
Martin ratioReturn relative to average drawdown | 9.21 | 6.66 | +2.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GHVIX | GUGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.36 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.02 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.08 | +0.52 |
Correlation
The correlation between GHVIX and GUGAX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GHVIX vs. GUGAX - Dividend Comparison
GHVIX's dividend yield for the trailing twelve months is around 5.77%, more than GUGAX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 5.77% | 5.68% | 7.96% | 4.37% | 8.11% | 19.00% | 2.10% | 7.76% | 3.83% | 0.00% | 0.00% | 0.00% |
GUGAX GMO Multi-Sector Fixed Income Fund | 4.52% | 3.69% | 4.34% | 0.00% | 1.94% | 2.90% | 7.96% | 5.74% | 5.08% | 2.43% | 3.29% | 1.76% |
Drawdowns
GHVIX vs. GUGAX - Drawdown Comparison
The maximum GHVIX drawdown since its inception was -20.48%, smaller than the maximum GUGAX drawdown of -38.57%. Use the drawdown chart below to compare losses from any high point for GHVIX and GUGAX.
Loading graphics...
Drawdown Indicators
| GHVIX | GUGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -38.57% | +18.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.08% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -20.53% | +6.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.06% | — |
Current DrawdownCurrent decline from peak | -2.24% | -6.72% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -11.29% | +8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.84% | -0.16% |
Volatility
GHVIX vs. GUGAX - Volatility Comparison
GMO High Yield Fund (GHVIX) has a higher volatility of 1.49% compared to GMO Multi-Sector Fixed Income Fund (GUGAX) at 0.00%. This indicates that GHVIX's price experiences larger fluctuations and is considered to be riskier than GUGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GHVIX | GUGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 0.00% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 1.84% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.03% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.59% | 6.57% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 5.44% | +3.49% |